Stan Johnson Company has completed the sale of two Fresh Thyme Market grocery stores in suburban Indianapolis, Indiana.
Located at 11481 East 116th St. in Fishers, Indiana, and 3400 East 146th St. in Carmel, Indiana, the free-standing properties are about 28,600 square feet each.
The seller was a Chicago, Illinois-based private equity fund, and the buyer was a private equity fund with headquarters in Mexico City. Together, the assets traded for about $18.7 million. Mark Lovering of Stan Johnson Company represented both parties in the transaction.
Fresh Thyme Market is a specialty grocer with more than 70 locations across the Midwest. The tenants operate on long-term net leases at both locations, and both stores draw consumers from outstanding demographics and growing populations across the north and northeast suburbs of Indianapolis.
